Multiple Choice
Ocean Grove Vending Company has invested $1,450,000 in a plant to make vending machines. The target operating income desired from the plant is $362,500 annually. The company plans annual sales of 1500 vending machines at a selling price of $1000 each.
What is the markup percentage as a percentage of cost for Ocean Grove Vending Company?
A) 24.17%
B) 31.87%
C) 75.83%
D) 25.00%
Correct Answer:
Verified
Correct Answer:
Verified
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